BRRRR Calculator limitations and work arounds

[Ian Hooper]

@Brandon Turner,

I enjoyed the webinar, last night, and have been using the BRRRR calculator since I went PRO, last week. We are analyzing a proposed deal and we have questions.

How can we use the calculator to factor the rehab period, when there is no income? The deal we are analyzing is a bust for us, but the BRRRR calc makes it looks less impossible than it actually is. It analyzes a -$110 cash flow for the acquisition phase, but the rehab period will actually cost $740.

Please consider adding a third section to the calculator that figures the certain non-rental period of a deal like this. I considered using the high vacancy rate to accurately express this holding period, but then it would skew the rest of the analysis.

I'm sure that others are having similar experiences. Has anyone been successful using one of the expense categories to come up with a more accurate picture of the pre-refi period of a BRRRR deal? Any other ideas?

@Brandon Turner, I'll PM you the link to this analysis sheet. Can you please critique it?

Thanks,

Ian